Friday 19 April 2013

How to use the downfall of gold to your advantage


Already invested in Gold and don't know what to do? A number of options are available depending on how you are invested in Gold. If you have physical Gold - coins, bars, medallions, etc. - do nothing. In this instance you are using physical Gold as a holder of value and that's what it will continue to do albeit not as much value as before. If you have Gold in the form of shares in a Gold or Gold underpinning fund, best to move this move fund into a retirement account as a diversifying asset class to your retirement portfolio. In any case there is no need to panic and sell on the downturn.

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